Matt Rasul joins RedRidge Diligence Services as national director

Chicago-based financial diligence provider RedRidge Diligence Services has appointed Matt Rasul as national director, talent acquisition and employee relations. From his Dallas based, he will drive the company’s employment strategy and manage international employee relations.

Matt Rasul joins RedRidge Diligence Services as national director

Jan 17, 2020

Chicago-based financial diligence provider RedRidge Diligence Services has appointed Matt Rasul as national director, talent acquisition and employee relations. From his Dallas based, he will drive the company’s employment strategy and manage international employee relations.

BVRLA enhances senior management team

The British Vehicle Rental and Leasing Association (BVRLA) has appointed two of its senior employees to new director-level roles. Toby Poston, formerly the director of communications and external relations for the BVRLA, has been promoted to director of corporate affairs.

BVRLA enhances senior management team

Jan 16, 2020

The British Vehicle Rental and Leasing Association (BVRLA) has appointed two of its senior employees to new director-level roles. Toby Poston, formerly the director of communications and external relations for the BVRLA, has been promoted to director of corporate affairs.

Silicon Valley Bank bolsters speciality finance team

Silicon Valley Bank (SVB) has chosen Emily Barron, former head of finance at Branch International, and Brian Foley, former managing director at Macquarie Group, to co-lead its warehouse credit solutions across the US. The company has also made appointments in the UK, with Folake Shasanya, former head of acquisition financing at RBS, now leading its warehouse credit solutions in the UK and EMEA.

Silicon Valley Bank bolsters speciality finance team

Jan 16, 2020

Silicon Valley Bank (SVB) has chosen Emily Barron, former head of finance at Branch International, and Brian Foley, former managing director at Macquarie Group, to co-lead its warehouse credit solutions across the US. The company has also made appointments in the UK, with Folake Shasanya, former head of acquisition financing at RBS, now leading its warehouse credit solutions in the UK and EMEA.

 

How Mobility-as-a-Service will transform fleet finance

New mobility models could transform fleet finance as a growing number of consumers adopt vehicle subscription services to pay for transport on demand. There will be a significant shift from private vehicle finance to corporate-funded fleets as drivers opt for bundled services, where they can receive all their motoring needs through a single service provider and payment plan. Demand for leasing or subscription will be accelerated by electric vehicles, as consumers opt for the protection of hiring vehicles rather than owning them as they test out new technology.

How Mobility-as-a-Service will transform fleet finance

Jan 07, 2020

New mobility models could transform fleet finance as a growing number of consumers adopt vehicle subscription services to pay for transport on demand. There will be a significant shift from private vehicle finance to corporate-funded fleets as drivers opt for bundled services, where they can receive all their motoring needs through a single service provider and payment plan. Demand for leasing or subscription will be accelerated by electric vehicles, as consumers opt for the protection of hiring vehicles rather than owning them as they test out new technology.

 
 
 

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Asset Finance Europe 50 reveals key drivers of growth in €300bn industry

The third edition of the annual Asset Finance Europe 50 (AFE50) ranking survey has revealed strong growth for leading companies in the region. The unique European annual ranking survey, sponsored by Alfa, shows total business equipment and vehicle lease receivables in 2018 were €299 billion, up 5.4% compared to 2017. The previous year showed an increase of around 2.8%. Companies profiled in the top 50 account for around 85% of the wider industry, suggesting total business equipment and vehicle lease receivables of around £351 billion. The survey is based on the latest published financial accounts of listed companies, usually with December 2018 year-ends.

Asset Finance Europe 50 reveals key drivers of growth in €300bn industry

Dec 18, 2019

The third edition of the annual Asset Finance Europe 50 (AFE50) ranking survey has revealed strong growth for leading companies in the region. The unique European annual ranking survey, sponsored by Alfa, shows total business equipment and vehicle lease receivables in 2018 were €299 billion, up 5.4% compared to 2017. The previous year showed an increase of around 2.8%. Companies profiled in the top 50 account for around 85% of the wider industry, suggesting total business equipment and vehicle lease receivables of around £351 billion. The survey is based on the latest published financial accounts of listed companies, usually with December 2018 year-ends.

 
 

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The complex future of the car leasing market

As car leasing companies embed telematics to improve cost efficiencies and markets remain healthy, the future for the industry looks positive. But is all as it seems? Martin Morris reports.

The complex future of the car leasing market

Jan 16, 2020

As car leasing companies embed telematics to improve cost efficiencies and markets remain healthy, the future for the industry looks positive. But is all as it seems? Martin Morris reports.

Simply forms dedicated manufacturing team

SME funder Simply has formed a dedicated manufacturing unit to drive growth and better support existing customers. It will be spearheaded by Matt Graham (pictured left) and Liam Ryan (right), who join as national sales managers. Graham and Ryan have previously worked with Close Brothers Asset Finance, specialising in the support of manufacturing and engineering companies.

Simply forms dedicated manufacturing team

Jan 16, 2020

SME funder Simply has formed a dedicated manufacturing unit to drive growth and better support existing customers. It will be spearheaded by Matt Graham (pictured left) and Liam Ryan (right), who join as national sales managers. Graham and Ryan have previously worked with Close Brothers Asset Finance, specialising in the support of manufacturing and engineering companies.

Companies in the finance industry invited to support major research project into servitization

A major new research project will take a detailed look at how the sale of services linked to asset-backed financing can offer a compelling opportunity for auto and equipment finance companies so they can develop new income streams and profit growth. The servitization research project, developed by the International Asset Finance Network, in partnership with GrowCap, will look at how technology can increase customer satisfaction and encourage retention, while also building a competitive advantage over other more traditional finance organizations. It is looking for finance company partners to support the project. Participants will be able to use the results to develop their future business strategy.

Companies in the finance industry invited to support major research project into servitization

Jan 15, 2020

A major new research project will take a detailed look at how the sale of services linked to asset-backed financing can offer a compelling opportunity for auto and equipment finance companies so they can develop new income streams and profit growth. The servitization research project, developed by the International Asset Finance Network, in partnership with GrowCap, will look at how technology can increase customer satisfaction and encourage retention, while also building a competitive advantage over other more traditional finance organizations. It is looking for finance company partners to support the project. Participants will be able to use the results to develop their future business strategy.

 

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Innovation Finance rolls out QuickFi mobile-first equipment finance solution to global acclaim

An industry-first smartphone-based equipment finance solution that can initiate and complete loans of up to $5 million in minutes has been launched. QuickFi has been developed by US-based Innovation Finance, which was started by chief executive officer Bill Verhelle, the former CEO and co-founder of First American Equipment Finance and a former chairman of the Equipment Leasing and Finance Association. Its digital-first approach led to QuickFi receiving the FinTech Innovator of the Year Award at the International Asset Finance Network awards ceremony in London in December 2019 and also receiving the PowerUP London Changemaker of the Year trophy.

Innovation Finance rolls out QuickFi mobile-first equipment finance solution to global acclaim

Jan 13, 2020

An industry-first smartphone-based equipment finance solution that can initiate and complete loans of up to $5 million in minutes has been launched. QuickFi has been developed by US-based Innovation Finance, which was started by chief executive officer Bill Verhelle, the former CEO and co-founder of First American Equipment Finance and a former chairman of the Equipment Leasing and Finance Association. Its digital-first approach led to QuickFi receiving the FinTech Innovator of the Year Award at the International Asset Finance Network awards ceremony in London in December 2019 and also receiving the PowerUP London Changemaker of the Year trophy.

Ultimate Finance sets annual lending record

Specialist asset-based lender Ultimate Finance broke its annual lending record last year, providing funds of more than £1.6 billion to SMEs in the UK. The company’s loan book also reached a record £265 million during 2019, while clients also increased. Other highlights included asset finance, where the loan book reached a record of £55 million.

Ultimate Finance sets annual lending record

Jan 14, 2020

Specialist asset-based lender Ultimate Finance broke its annual lending record last year, providing funds of more than £1.6 billion to SMEs in the UK. The company’s loan book also reached a record £265 million during 2019, while clients also increased. Other highlights included asset finance, where the loan book reached a record of £55 million.

IGF appoints Matt Shepherd as commercial director

Finance provider Independent Growth Finance (IGF) has appointed Matt Shepherd as commercial director. Shepherd will be responsible for expanding IGF’s customer base and increasing sales. IGF has operated in the UK since 1997 and is aiming to increasing its share of the UK SME market.

IGF appoints Matt Shepherd as commercial director

Jan 14, 2020

Finance provider Independent Growth Finance (IGF) has appointed Matt Shepherd as commercial director. Shepherd will be responsible for expanding IGF’s customer base and increasing sales. IGF has operated in the UK since 1997 and is aiming to increasing its share of the UK SME market.

 

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How will fintechs fair in 2020?

The fintech sector will see new developments in regulatory technology (regtech) during 2020 as disruptive technologies continue to change the market, according to industry experts. In addition to developments in regtech, there will be improved payment options and enhanced customer service, according to Anton Zujev, head of business development at Fininbox. He said: “AI will be crucial for more convenient customer service and operation tracking. Blockchain is becoming relevant because of its wide appliance in various fintech areas, such as data protection, cybersecurity, trade finance.”

How will fintechs fair in 2020?

Jan 14, 2020

The fintech sector will see new developments in regulatory technology (regtech) during 2020 as disruptive technologies continue to change the market, according to industry experts. In addition to developments in regtech, there will be improved payment options and enhanced customer service, according to Anton Zujev, head of business development at Fininbox. He said: “AI will be crucial for more convenient customer service and operation tracking. Blockchain is becoming relevant because of its wide appliance in various fintech areas, such as data protection, cybersecurity, trade finance.”

Finance industry warned to take action after Travelex cyber attack

As a cyber attack continues to cause severe disruption to global currency dealer Travelex, chief executives and CIOs in the finance industry face a stark question in 2020 – will we be next? In a special report, John Maslen talks to industry experts about what business leaders must do to prevent successful attacks.

Finance industry warned to take action after Travelex cyber attack

Jan 13, 2020

As a cyber attack continues to cause severe disruption to global currency dealer Travelex, chief executives and CIOs in the finance industry face a stark question in 2020 – will we be next? In a special report, John Maslen talks to industry experts about what business leaders must do to prevent successful attacks.

Why companies need to embrace digital transformation to drive competitive advantage

Companies should take a “think big, start small, scale fast” approach as they incorporate the Internet of Things into their operations, says Anthony Casciano, president and chief executive officer of Siemens Financial Services. He explains why this involves driving IoT from a business case, not pushing a technology into operations simply because of its fascinating potential.

Why companies need to embrace digital transformation to drive competitive advantage

Jan 13, 2020

Companies should take a “think big, start small, scale fast” approach as they incorporate the Internet of Things into their operations, says Anthony Casciano, president and chief executive officer of Siemens Financial Services. He explains why this involves driving IoT from a business case, not pushing a technology into operations simply because of its fascinating potential.

Funding Options and Validis partner to support SMEs

Funding Options, the marketplace for business finance, has partnered with open accounting experts Validis to improve services for applicants and speed up access to finance. The partnership will reduce data preparation times and minimise expenses when accessing external funding. Validis extraction technology automatically standardises customer accounting data to minimise manual processes. Funding Options will combine data from Validis with information from other sources, such as open banking and bureau data, to provide support for back office functions, helping to automate decision making and identify areas of risk.

Funding Options and Validis partner to support SMEs

Jan 08, 2020

Funding Options, the marketplace for business finance, has partnered with open accounting experts Validis to improve services for applicants and speed up access to finance. The partnership will reduce data preparation times and minimise expenses when accessing external funding. Validis extraction technology automatically standardises customer accounting data to minimise manual processes. Funding Options will combine data from Validis with information from other sources, such as open banking and bureau data, to provide support for back office functions, helping to automate decision making and identify areas of risk.

Jim Davis appointed managing director for construction finance at Bibby Financial Services

Bibby Financial Services has appointed Jim Davis as managing director for construction finance. He has been with BFS since 2011, having joined from Yorkshire Bank to take on the role of head of sales for the West Midlands and most recently served as managing director for export finance. In his new role, he heads up a team of 50 in BFS’s construction finance team, focusing on people development, training and collaboration between the sales and operations teams to drive product development and growth.

Jim Davis appointed managing director for construction finance at Bibby Financial Services

Jan 08, 2020

Bibby Financial Services has appointed Jim Davis as managing director for construction finance. He has been with BFS since 2011, having joined from Yorkshire Bank to take on the role of head of sales for the West Midlands and most recently served as managing director for export finance. In his new role, he heads up a team of 50 in BFS’s construction finance team, focusing on people development, training and collaboration between the sales and operations teams to drive product development and growth.

GForces partners with Stripe to drive online car sales

Automotive ecommerce solutions provider GForces is partnering with online payments platform Stripe to allow retailers to accept online payments on their websites. Retailers using the GForces Net Director Auto-e platform will be offered full Stripe functionality, which enables payments to be made onsite without redirecting the customer to a third-party site. Stripe is a technology company that builds economic infrastructure for the internet. Millions of businesses of every size use Stripe, including Salesforce, Slack, Lyft and Shopify, to accept online payments and run complex global operations.

GForces partners with Stripe to drive online car sales

Jan 08, 2020

Automotive ecommerce solutions provider GForces is partnering with online payments platform Stripe to allow retailers to accept online payments on their websites. Retailers using the GForces Net Director Auto-e platform will be offered full Stripe functionality, which enables payments to be made onsite without redirecting the customer to a third-party site. Stripe is a technology company that builds economic infrastructure for the internet. Millions of businesses of every size use Stripe, including Salesforce, Slack, Lyft and Shopify, to accept online payments and run complex global operations.

 

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Asia leads the way as fintech disruption changes finance markets

  Fintech disruption in the services sector - ranging from pizza ordering through to car and c...

John Wiles appointed Simply managing director

SME funder Simply has appointed John Wiles as managing director as part of a series of new year ma...

How ‘data lakes’ can overcome limitations of legacy back-end finance systems

Legacy systems in the finance sector are creaking under the strain of increasing demands for data,...

BCA introduces online sales for electric vehicles

Auction giant BCA has responded to growing demand for hybrid and electric vehicles with new auctio...

 

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